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ES NQ Futures Trading
- Thread starter Jahajee
- Start date
sell short NQU9 @ market (1441)
add to NQU9 short @ market (1448.50)
------------------
buy stop @ 1462.75
--------------------------
want to give this trade a wider stop, to avoid being stopped put on any post-FED announcement spike up.
SO, RAISE 1462.75 buy stop to 1482.75
No, it may not get there, and in any case the position will be close before the stop price is reached.
REITERATING: we regard this as a bounce off oversold conditions.
Of course, we are open to changing our opinions on this -- if market breaks above 920/925 SPX
Will add to existing USO and SPY shorts
add to NQU9 short @ market (1448.50)
------------------
buy stop @ 1462.75
--------------------------
want to give this trade a wider stop, to avoid being stopped put on any post-FED announcement spike up.
SO, RAISE 1462.75 buy stop to 1482.75
No, it may not get there, and in any case the position will be close before the stop price is reached.
REITERATING: we regard this as a bounce off oversold conditions.
Of course, we are open to changing our opinions on this -- if market breaks above 920/925 SPX
Will add to existing USO and SPY shorts
"...Well, Well "trees don't grow to the sky" That was our cliché a
few weeks ago and we waited for our pattern to give us a
signal that the market was exhausting itself. We've actually
seen that for over a month as we have made very little
progress and guess what? Just like I commented before, we
could easily take away 4 to 5 weeks of upward Price action in
a few days and that's what the market has just done.
Where do we go from here? No one has a crystal ball but our
pattern suggests we now head lower (we might get a quick rally
in here, but will most likely fail). First target we see is
the 870/875 area. We get below that and we could have a vacuum
down. Based on our patterns and what we look for, we would not
be surprised to break 800 and possibly lower. A little hard to
tell at this point, but that's our Target for now. We will
keep you up to date. No one is expecting that, so it's
entirely possible that's what might just happen. Hold on to
your seats and buckle up. We could be in for another roller
coaster ride as we get ready to head down the first big
hill..."
few weeks ago and we waited for our pattern to give us a
signal that the market was exhausting itself. We've actually
seen that for over a month as we have made very little
progress and guess what? Just like I commented before, we
could easily take away 4 to 5 weeks of upward Price action in
a few days and that's what the market has just done.
Where do we go from here? No one has a crystal ball but our
pattern suggests we now head lower (we might get a quick rally
in here, but will most likely fail). First target we see is
the 870/875 area. We get below that and we could have a vacuum
down. Based on our patterns and what we look for, we would not
be surprised to break 800 and possibly lower. A little hard to
tell at this point, but that's our Target for now. We will
keep you up to date. No one is expecting that, so it's
entirely possible that's what might just happen. Hold on to
your seats and buckle up. We could be in for another roller
coaster ride as we get ready to head down the first big
hill..."
CRUDE
"Our sell was from the 70.50 area for our members we just about
touched 66.00 on Monday. That's about a $4000 per contract
move..which leaves plenty of room in between to take advantage
of that.
We expect crude to move lower and our patterns continue to
confirm this move lower. Our first real target is going to be
62.00 then 56.00. That should give you an idea if you like
this market."
"RSofHouston Workshop" <trader@rsofhouston.com>
"Our sell was from the 70.50 area for our members we just about
touched 66.00 on Monday. That's about a $4000 per contract
move..which leaves plenty of room in between to take advantage
of that.
We expect crude to move lower and our patterns continue to
confirm this move lower. Our first real target is going to be
62.00 then 56.00. That should give you an idea if you like
this market."
"RSofHouston Workshop" <trader@rsofhouston.com>